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Bluma Wellness Inc. (CSE:BWEL) (OTCQX:BMWLF) in an all-share transaction worth $213 million.
The waiting period for a government review of the deal, in accordance with the Hart-Scott-Rodino Antitrust Improvements Act of 1976, has expired.
Cresco Labs confirmed Thursday that the transaction is expected to close during the second quarter of 2021.
In January, the Chicago-based company announced its intention to acquire all of Florida-based Bluma s issued and outstanding shares.
In return, Bluma s shareholders agreed to receive 0.0859 of Cresco s subordinate voting share for each Bluma share worth $1.12 per share.
Clarus Securities Inc., INFOR Financial Inc. and Gowling WLG (Canada) LLP advised Bluma throughout the sale process.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Bluma Wellness Inc. Provides End-of-Month Operations Update and Financial Highlights for January 2021
February 1, 2021 GMT
Bluma Wellness Inc. (the “
Company ” or “
Bluma Wellness ”) (CSE: BWEL.U) is pleased to provide its patients and investors with an end-of-month sales and operations report for the month ended January 31, 2021.
The financial highlights disclosed in this press release are management prepared and have not been audited or reviewed by the Company’s auditors. Unless otherwise indicated, all amounts are expressed in U.S. dollars.
Financial Highlights, January 2021
Bluma Wellness is pleased to provide the following sales and financial highlights from the month of January 2021:
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